----- Original Message ----- From: "Devine, James" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Monday, August 11, 2003 1:00 PM Subject: [PEN-L] green pensions?
from BusinessWeek, Au. 18-25, 2003: The Greening of Pension Plans Cash-strapped U.S. steel (X ) may have hit on a solution for companies scrounging for the dough to pump up pension funds that were recently flattened by the stock market's slide. Just sign over some forests -- or other valuable assets. On Aug. 4, the steelmaker told analysts it was asking for government permission to transfer 170,000 acres of timberland, mostly in Alabama, to its pension funds. The company values the assets at $100 million. But the trees are young so the "valuation will grow over time," ================== So Paul Davidson is wrong and money does grow on trees? :-) Ian
